According to information from the Price Management Department (Ministry of Finance), in August 2018, the situation of steel production and consumption decreased because the domestic construction demand was not high due to heavy rain and August coincided with the 7th lunar month. .
Specifically, it is estimated that domestic construction steel production in August 2018 is estimated at about 770 thousand tons, down about 2%, consumption volume is about 730 thousand tons, down 3% compared to the previous month.
According to reports of steel production and trading enterprises, construction steel prices were basically stable in August. Selling prices at manufacturing plants ranged from 11,300 to 14,500 VND/kg (factory delivery price, not yet available). 10% VAT, discount).
The retail price of construction steel in the Northern and Central provinces ranges from 12,400 to 14,800 VND/kg, in the Southern provinces ranging from 13,000 to 15,200 VND/kg. It is forecasted that in September, the domestic retail price of construction steel will be basically stable.
The asking price of billet in the world market is basically stable compared to the end of July 2018, currently the price of CFR East Asia billet is about 520 – 545 USD/ton.
According to Chau An